Sumary of Does the easyJet share price make the stock an unmissable bargain?:
- Legendary investor Warren Buffett sold his airline stocks instead of doing his usual trick of buying during a crisis.
- And he ditched his investments because he had no idea what the industry would look like in the future.
- And on top of that, the company has agreed to terms for more debt with a new four-year senior secured revolving credit facility, worth $400m.
- Chief executive Johan Lundgren said the new capital will help easyJet to “take advantage of the strategic investment opportunities expected to arise as the European aviation industry emerges from the pandemic.